Full text of Federal Reserve Bank of New York Circulars : 3133. Lifting of Railway Express Embargo on Shipments of Paper Currency in the $1 Denomination and of Coin to this Bank

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FEDERAL
OF

RESERVE
NEW

BANK

YORK

r Circular No. 3 1 3 3 T
L September 23, 1946 J

LIFTIN G OF R A IL W A Y EXPRESS EMBARGO
ON SHIPMENTS OF PAPER CURRENCY IN TH E $1 DEN OM IN ATION
AND OF COIN TO TH IS BANK

To all M em ber and Nonm ember Banks
in the Second Federal Reserve D istrict:

In our Circular No. 3127, dated Septem ber 11, 1946, we advised you that we had
made certain tem porary exceptions to the general terms and conditions o f our
Circular No. 2883, dated January 1, 1945, entitled ‘ ‘ Shipments o f P aper Currency
and C oin ” , in view o f the curtailment o f express service as a consequence o f the
local trucking strike.
The Railw ay E xpress A gency, Inc. has now inform ed us that, effective Septem ber
24, 1946, express service will again be available fo r sending currency and coin to us.
A ccordingly, as o f that date, you should resume sending to us currency in the
amount o f $1 denomination totaling over $500, and coin, by express, charges collect,
pursuant to the provisions o f paragraphs 9 and 13 of our Circular No. 2883.




A

llan

S proul,

P resident.